How a TikTok ban in the US could affect the crypto industry

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What will happen if the U.S. government decides to ban TikTok?

Since then, TikTok has been a go-to platform for crypto projects who want to build their communities. The platform has been bombarded with crypto-related content, from exchanges like Binance and Coinbase to influencers sharing their thoughts on tokens and blockchain projects. At the time of writing, the hashtags “crypto” and “cryptocurrency” have a combined view count of 34.7 billion.

According to Guirdonan, a TikTok ban in the U.S. could affect user acquisition efforts of crypto projects trying to reach a younger demographic in the country. Mac Ocampo, the CEO of Web3 social platform Follow, told Cointelegraph that TikTok does a great job at visualizing crypto projects to their target audiences. Ocampo, who has previously worked as a chief marketing officer for crypto projects, noted that TikTok allows companies to capture the attention of Millennial and Generation Z age groups.Crypto marketing efforts

“If ever TikTok will be banned in the U.S., there’s an opportunity for Meta to revamp Instagram into a more direct rival of TikTok. It presents the opportunity as well for Meta to capture TikTok’s market share in the U.S. and pursue its metaverse and NFT initiatives it has recently canceled.”

 

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There will be more sleep and peace in the world. 😊

FollowProtocol2 is best solution

It's the best thing that can happen to crypto EVERY TIME Shiba pumps, market starts dumping and no one takes crypto seriously because the only ones talking about it are TikTok clowns

They all go to WeChat

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